SpaceX wants to send people to Mars by 2024

Elon Musk says SpaceX is on target to send cargo to Mars in 2022 and people in 2024. The way the company will do it is by focusing its resources on a new vehicle, the Interplanetary Transport System (codename: the BFR). That vehicle will be able to travel to Mars, but can also be used to generate revenue for the company through launching satellites, resupplying the ISS, and going to the Moon.

Musk also proposed a variety of new uses for the scaled-down rocket beyond just going to Mars. Supposedly, the ITS can be used to launch satellites, take cargo to the International Space Station, and even do lunar missions to set up a Moon base. SpaceX’s current Falcon 9 fleet is used to do a few of those things already, but Musk says eventually the company will turn to the ITS to do all of its space missions.

“We can build a system that cannibalizes our own products, makes our own products redundant, then all the resources we use for Falcon Heavy and Dragon can be applied to one system,” he said at the conference. Musk says the cost of launching cargo on the ITS will be fairly cheap, too, since the rocket and spaceship will be a fully reusable system — unlike the Falcon 9, which is only 70 to 80 percent reusable.

He ended his talk with a pretty incredible promise: using that same interplanetary rocket system for long distance travel on Earth. Musk showed a demonstration of the idea on stage, claiming that it will allow passengers to take “most long distance trips” in just 30 minutes, and go “anywhere on Earth in under an hour” for around the same price of an economy airline ticket.

As they say, “huge if true”. Musk is like the sci-fi Oprah here: You get a electric car! And you get a trip to Mars! And you get a self-driving car! And you get a 30-minute Hyperloop trip from SF to LA! And you get a rocket shuttle from NYC to Mumbai in 43 minutes for $1200! Beeeeeeeeees!!!!